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Is there commission?
Minenhle Mthethwa
Faroe Islands
2023-05-16
ANSWER SmartFX is owned and operated by Smart Securities and Commodities Limited regulated by Vanuatu Financial Services Commission (VFSC) under registration number 40491.However, one must keep in mind that the VFSC doesn't provide the registered company's authentication details or domains for investors to verify, leaving a chance for unscrupulous brokers to misuse the details of an authorized firm. As such, there is no guarantee that the licensed entity is the one operating under the trading name SmartFX. Please beware of the risks involved and exercise caution when dealing with SmartFX.Regarding your question, we would recommend contacting customer serivce through their official website to achieve the latest and most accurate answer. For more details about this broker, please refer to our full review of SmartFX.
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What's minimum deposit for a MT5 account?
Berlliss
Vanuatu
2022-11-14
ANSWER SmartFX is owned and operated by Smart Securities and Commodities Limited, a company authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with license number 40491. We indeed find a match result to Smart Securities and Commodities Limited in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Smart Securities and Commodities Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.Overall, it is of certain risk to trade with SmartFX, and we would recommend to choose strongly regulated brokers. As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details about this broker, you can check our full SmartFX review.
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SmartFX. It is good or not?
same guy
Chile
2022-07-08
ANSWER SmartFX claims to be operated by Smart Securities and Commodities Limited, an authorized broker under the regulation of the Vanuatu Financial Services Commission (VFSC). Regarding VFSC, please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. So VFSC-regulated brokers are not under as strong regulation as UK FCA-, ASIC-, and NFA-regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Smart Securities and Commodities Limited.We would recommend exercising caution when dealing with VFSC- regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.